Avalon LLC v. Coronet Properties Co.

—Order, Supreme Court, New York County (Charles Ramos, J.), entered August 9, 2002, which denied defendants’ motion for summary judgment dismissing plaintiffs 7th through 11th and 31st through 35th causes of action on the ground they were barred by the statute of limitations, unanimously reversed, on the law, without costs, and defendants’ motion granted.

On April 14, 1994, defendant Coronet Properties Company (Coronet) entered into an agreement with the other defendants which, inter alia, assigned Coronet’s right to any net proceeds from settlement of litigation with the Federal Deposit…